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French East India Company-issued "Gold Pagoda" for Southern India trade, cast in Pondicherry 1705–1780.. The pagoda, also called the hoon, [1] was a unit of currency, a coin made of gold or half-gold minted by Indian dynasties as well as the British, the French and the Dutch.
The Gupta Empire produced large numbers of gold coins depicting the Gupta kings performing various rituals, as well as silver coins clearly influenced by those of the earlier Western Satraps by Chandragupta II. [1] The standard gold coin was the 8g Dīnāra (Sanskrit: दीनार), [65] modelled after the Roman denarius.
British Indian 1 rupee, 1917 Rupee gold coin of Princely State of Bahawalpur. The 1911 accession to the throne of the King-Emperor George V led to the famous "pig rupee". On the coin, the king appeared wearing the chain of the Order of the Indian Elephant. Through poor engraving, the elephant looked very much like a pig.
Gold mohur of Akbar. Mughal currency was coinage produced and used within the Mughal empire.. Despite India having significant gold reserves, the Mughal coins were produced primarily from imported bullion, as a result of the empire's strong export-driven economy, with global demand for Indian agricultural and industrial products drawing a steady stream of precious metals into India.
All three Presidencies issued gold mohurs and fractions of mohurs including 1 ⁄ 16, 1 ⁄ 2, 1 ⁄ 4 in Bengal, 1 ⁄ 15 (a gold rupee) and 1 ⁄ 3 (pancia) in Bombay and 1 ⁄ 4, 1 ⁄ 3 and 1 ⁄ 2 in Madras. In 1835, a single coinage for the EIC was introduced. It consisted of copper 1 ⁄ 12, 1 ⁄ 4 and 1 ⁄ 2 anna, silver 1 ⁄ 4, 1 ...
4 annas (1 ⁄ 4 rupee) 1 ⁄ 4 rupee; 8 annas (1 ⁄ 2 rupee) 1 ⁄ 2 rupee; One rupee; 5 rupees (1 ⁄ 3 mohur) 10 rupees (2 ⁄ 3 mohur) 15 rupees ; 30 rupees (2 mohur) British gold sovereign, as an emergency war issue, in 1918. There are many rare coins of this period which interests coin collectors.
The Gold (Control) Act, 1968 is a repealed Act of the Parliament of India which was enacted to control sale and holding of gold in personal possession. High demand for gold in India with negligible indigenous production results in gold imports, leading to drastic devaluation of the Indian rupee and depletion of foreign exchange reserves to alarming levels.
Sovereign Gold Bond, abbreviated as SGB, is a government security issued by the Reserve Bank of India (RBI) on behalf of the Government of India. It is denominated in grams of gold and is linked to the price of gold in India. It is also an interest-bearing bonds, carrying an interest of 2.5% p.a. paid in two installments in a year. [1] [2]